ADVOKAT BJØRNAR HÅLAND AS: årsregnskap 2021 vs 2020
Grew 38% on revenue, weaker earnings
approved 2022-04-29; registry 2022-05-03; journal 2022 248863
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT BJØRNAR HÅLAND AS. Revenue 1.89m NOK → 2.62m NOK (+38.2%). Net result +165.1k NOK → +115.4k NOK. Equity 930.7k NOK → 46.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT BJØRNAR HÅLAND AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.89m NOK to 2.62m NOK (+38.2% YoY). Calculated
-
↑
Operating result improved
Operating result +139.6k NOK → +159.5k NOK (op. margin 7.4% → 6.1%). Calculated
-
↑
Cash rose
Bank deposits 208.9k NOK → 249.6k NOK (+19.5% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +165.1k NOK → +115.4k NOK (net margin 8.7% → 4.4%). Calculated
-
↓
Equity eroded
Book equity 930.7k NOK → 46.0k NOK (equity ratio 47.8% → 1.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1.11m NOK → 1.28m NOK (59% → 49% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 236.0k NOK → 19.3k NOK (-91.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 6 NOK → 648.6k NOK. Reported fact